Ford is suspending production at the Michigan factory that is building its Bronco SUV. The automaker said it is diverting its chip supply to nearly completed vehicles.
Ford said the plant that produces the Bronco and Ranger pickup will be shut the weeks of July 5 and July 26.
When discussing the Action Alerts PLUS holding with senior analyst Jeff Marks, Jim Cramer said he still believes the chip shortage is easing, adding that Ford's biggest problem is that it can't keep sellers stocked with cars.
Recap TheStreet Live: Everything Jim Cramer Is Watching 7/1/21